Lee Kranefuss, the San Francisco-based chief executive of Barclays Global Investors' exchange–traded funds business, said the fund provides investors with broad diversification in the sector “in a cost-effective manner”.
ETFs are cash instruments that track an index or replicate the performance of a basket of stocks. They are traded on an exchange like a regular share.
Sandy Rattray, vice-president of derivatives and trading research at Goldman Sachs in New York, commented: “By tracking this objective index, the fund will provide investors with the exposure they desire to this important sector.”
The week on Risk.net, July 7-13, 2018Receive this by email